Ford Motor Company said it is working to mitigate U.S. production
losses after a May 2 fire at a parts supplier

Parts shortages resulting from the fire at Meridian Magnesium Products
of America’s plant supply issue is currently impacting F-150 and Super
Duty production at Ford’s Kansas City Assembly, Dearborn Truck and
Kentucky Truck plants

Ford accounts for less than a third of the volume of output from the
affected Meridian plant

May 09, 2018 05:33 PM Eastern Daylight Time

DEARBORN, Mich.--(BUSINESS WIRE)--Ford Motor Company is working with its supply base to offset impacts of
a fire that occurred at one of the company’s suppliers last week and is
affecting the production of certain vehicles, due to a shortage of
die-cast components.

“This is a fluid situation, but we are working closely with our supplier
partners to do everything we can to limit the impact on our production,”
said Joe Hinrichs, executive vice president and president of Global
Operations. “It’s a full team effort and we’re confident that any
impacts will be short term. The good news is we have strong inventories
of our best-selling F-Series pickups and other vehicles, and customers
won’t have a problem finding the model they want.”

Current impacts from the supply shortage, included:

F-150 production is suspended at Kansas City (Mo.) Assembly Plant and
will also be suspended at the Dearborn (Mich) Truck Plant at the end
of the afternoon shift tonight

Ford F-Series Super Duty production is down at Kentucky Truck Plant in
Louisville. Ford expects Super Duty production to continue at Ohio
Assembly Plant in Avon Lake

While the production shortage is expected to have an adverse impact on
the company’s near term results, the company’s guidance of delivering an
adjusted EPS in the range of $1.45 to $1.701 for the full
year is unchanged.

About Ford Motor Company

Ford Motor Company is a global company based in Dearborn, Michigan.
The company designs, manufactures, markets and services a full line of
Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury
vehicles, provides financial services through Ford Motor Credit Company
and is pursuing leadership positions in electrification, autonomous
vehicles and mobility solutions. Ford employs approximately 202,000
people worldwide. For more information regarding Ford, its products and
Ford Motor Credit Company, please visit www.corporate.ford.com.

1 Adjusted earnings per share is a non-GAAP financial
measure. Ford does not provide guidance on an earnings per share basis,
the comparable GAAP financial measure. Ford’s earnings per share in 2018
will include potentially significant special items that have not yet
occurred and are difficult to predict with reasonable certainty prior to
year-end, including pension and OPEB remeasurement gains and losses.

Cautionary Note of Forward-Looking Statements

Statements included or incorporated by reference herein may constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements are
based on expectations, forecasts, and assumptions by our management and
involve a number of risks, uncertainties, and other factors that could
cause actual results to differ materially from those stated, including,
without limitation:

Ford’s receipt of government incentives could be subject to reduction,
termination, or clawback;

Operational systems, security systems, and vehicles could be affected
by cyber incidents;

Ford Credit’s access to debt, securitization, or derivative markets
around the world at competitive rates or in sufficient amounts could
be affected by credit rating downgrades, market volatility, market
disruption, regulatory requirements, or other factors;

Ford Credit could face increased competition from banks, financial
institutions, or other third parties seeking to increase their share
of financing Ford vehicles; and

Ford Credit could be subject to new or increased credit regulations,
consumer or data protection regulations, or other regulations.

We cannot be certain that any expectation, forecast, or assumption made
in preparing forward-looking statements will prove accurate, or that any
projection will be realized. It is to be expected that there may be
differences between projected and actual results. Our forward-looking
statements speak only as of the date of their initial issuance, and we
do not undertake any obligation to update or revise publicly any
forward-looking statement, whether as a result of new information,
future events, or otherwise. For additional discussion, see “Item 1A.
Risk Factors” in our Annual Report on Form 10-K for the year ended
December 31, 2017, as updated by subsequent Quarterly Reports on Form
10-Q and Current Reports on Form 8-K.